The Communist Party of the Russian Federation submitted a bill on establishing a personal income tax rate of 30% on annual incomes over 10 million rubles.
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A group of deputies from the Communist Party of the Russian Federation, headed by party leader Gennady Zyuganov, submitted to the State Duma a bill on establishing a personal income tax rate (PIT) of 30% for incomes that exceed 10 million rubles. in year. Document posted in the database of the lower house of parliament. The government does not support the initiative of the communists.
In an explanatory note, the authors of the bill said that Russian budget revenues from various sources are declining, the budget deficit is growing and could reach 5 trillion rubles by the end of the year. with a liquid part of the NWF of 6 trillion rubles.
“The tax instrument must be used. That is why the Communist Party faction proposes to introduce a progressive income tax on excess income. Namely, while maintaining the current personal income tax rates, introduce a new rate of 30% for incomes over 10 million rubles for the tax period. At the same time, the state budget will receive not 250 billion rubles. at a time, and annually at 650 billion rubles,” the explanatory note states.
The parliamentarians attached the conclusion of the Russian government to the document. They refused to support the bill and reminded that Russia already has an increased personal income tax on incomes of individuals exceeding 5 million rubles. “The changes envisaged by the bill may lead to wages going into the shadows, a reduction in personal income tax revenues to the budgets of the budget system of the Russian Federation and deductions of insurance premiums, which is contrary to the goals defined by the bill. In connection with the above, the government of the Russian Federation does not support the bill, ”the government concluded.
Read more about the 15% personal income tax rate – in the material “Kommersant” “Tax for the rich in Russia in 2023”.
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